Most dentists believe their dental practice overhead is under control. Gary Takacs scrubbed the P&L of a two-doctor practice that said exactly that, and found $7,000 a month going straight back to profit. He walks through where it hid: software subscriptions still billing after they were replaced, merchant services fees that had never been shopped,…
Dental patient financing is in nearly every practice, and Gary Takacs says very few offices use it to grow. On The Thriving Dentist Show, Gary and Naren Arulrajah compare dentistry with the car market, where 83% of new cars are financed. Gary makes the case against in-house financing and puts CareCredit’s 9.9% discount rate next…
Should your practice hire offshore dental team members? Gary Takacs and Naren Arulrajah take the question on. Gary’s 2018 test put a trained remote team member on his phones when the office was missing close to 30% of calls during business hours. The standard today is 10% or lower. They cover dental insurance verification, revenue…
Is a dental practice partnership the right practice model for you? Gary Takacs and Naren Arulrajah cover the benefits of the partnership model, from lower associate turnover to a 3-day doctor week. They also explain how to vet a potential partner before any equity changes hands. Learn why partnerships don’t have to be 50/50, the…
Should you run Google Ads for your dental practice? Gary Takacs and Naren Arulrajah settle paid search vs organic SEO: why ad patients cost 5 to 10 times more, the four cases where Google Ads make sense, the 15% cap on ad management fees, and the five ways dentists waste ad budget. Book a free…
Two thirds of dentists in the largest private dental Facebook group said they would not advise their own son or daughter to become a dentist. Gary Takacs reads that as a work-life balance problem and argues balance may be the wrong goal. Gary and Naren Arulrajah separate work-life balance from work-life integration: a practice you…
Dental practice scheduling is the difference between a $2,000 day and a $7,000 day in the same eight hours. One solo dentist saw 41 patients and finished feeling like he’d been run over by a Mack truck. Gary Takacs gives five specific scheduling recommendations – a defined daily production goal, a dedicated scheduling coordinator, rock…
Dental practice cybersecurity is a patient-retention problem, not an IT problem. Health and Human Services counts a ransomware infection as a reportable breach, and Dr. Lorne Lavine has watched practices lose a quarter of their patients after mailing that notification letter. He and Naren cover why an out-of-date operating system is a HIPAA violation by…
Gary Takacs and Naren Arulrajah on the startup vs acquisition decision that shapes a dental career. The three situations where a startup actually makes sense, and why most dentists do not qualify for any of them. A real coaching client who was collecting $700,000 on $1 million in production, replaced $300,000 in annual PPO write-offs…
Gary Takacs and Naren Arulrajah on the five marketing numbers every dental practice should track and most do not. The two-chasms model. The conversion grading scale: A is 70%, national average is 33%, failing is below 50%. A coaching client who went from 12 to 38 new patients per month with zero extra marketing spend…